The renminbi is now “the fifth most active currency for global payments by value”, according to the financial messaging system Swift. Photo: Reuters
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

In a world where the US dollar dominates, China must strike back by enhancing the yuan’s international appeal

  • Washington has the dollar and powerful legislation at its disposal, and can make life difficult for countries just by denying them access to the US financial system
  • Beijing needs to step up the pace of RMB internationalisation, to mitigate the risks to the Chinese economy

TOP PICKS

The renminbi is now “the fifth most active currency for global payments by value”, according to the financial messaging system Swift. Photo: Reuters
READ FULL ARTICLE
Members of the Chinese delegation wait to leave after deputy-level trade talks between China and the US in Washington on September 19. Photo: AFP
Aidan Yao
Opinion

Opinion

Macroscope by Aidan Yao

The US is whispering about financial war against China. Investors must brace themselves

  • The possibility of Washington restricting US investment in China shouldn’t be taken lightly. US-China financial interconnections have increased in the past decade, and a financial decoupling would be even more damaging than the trade war

TOP PICKS

Members of the Chinese delegation wait to leave after deputy-level trade talks between China and the US in Washington on September 19. Photo: AFP
READ FULL ARTICLE